Year 0 1 2 3 4 5

Initial Investment -50000000

Revenue 36000000 36000000 36000000 36000000 36000000
Variable Overhead 12960000 12960000 12960000 12960000 12960000
Account O/H 360000 360000 360000 360000 360000
Labor costs 2160000 2160000 2160000 2160000 2160000
Energy costs 600000 600000 600000 600000 600000
Admin Expense 300000 300000 300000 300000 300000
OC 60000 60000 60000 60000 60000
EBITDA 19560000 19560000 19560000 19560000 19560000
Depreciation 9200000 9200000 9200000 9200000 9200000
EBIT 10360000 10360000 10360000 10360000 10360000
Tax 3108000 3108000 3108000 3108000 3108000
EAT 7252000 7252000 7252000 7252000 7252000
EAT+D 16452000 16452000 16452000 16452000 16452000
WC -4284000 4284000

Change in wc 0 0 0 0
CFs without erosion cost -54284000 16452000 16452000 16452000 16452000 20736000
Erosion Cost 800000 800000 800000 800000 800000
CFs with erosion cost -54284000 15652000 15652000 15652000 15652000 19936000
Monthly Production 600000
Yearly Production 7200000
SP per litre 5
Variable O/H 1.8
Discount 18.20%

irr(without erosion) 17.24% npv -121120253.10%

irr(with erosion) 15.24% npv -370164797.23%

 units
0 1 1 vc
initial inv 725000000 disc rate
revenue 17500000 tax rate
vc 10625000 invt
fc 15000000 dep
ebitda -8125000 inflation
dep 3214285.7 32.14286 sales
ebitda -11339286 vc
contrib
wc 2625000 fc
eat 727625000 -11339286 ebit
dep
residual
pbit
tax
pat
nwc
change in nwc
change in nwc